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Great founders are great magnets, constantly convincing customers to buy, investors to invest, press to cover, great employees to join.
The right idea in the wrong hands is indistinguishable from the wrong idea.
Mediocre VCs want to see traction. The top VCs want you to show them you can invent the future. —@suhail re @pmarca http://www.newyorker.com/magazine/2015/05/18/tomorrows-advance-man?currentPage=all …
"Everybody wanna tell you how to do it, but they never did it." —Jay Z
We don’t really want things. We want the feelings we think those things will give us.
"No, we don't use open source." — said no successful startup in the past 5 years.
Don't start with a vague capability. Start with a concrete problem for specific users with a clear path to getting off the ground.
Shake Shack started as a money losing burger kiosk to revive an NYC park. The best things start with love, not money.
Almost all bad product decisions start with people in a conference room saying "sure, that sounds good." Road to hell is paved with apathy.
Better to have shipped and failed than to have never shipped at all.
The best pitch is made of a number of obvious and uncontroversial statements that add up to an ambitious achievable future.
All founders want investors who can help, write real checks, make decisions quickly, and do no harm. We should have a Hippocratic oath.
Remember: It's not innovation until it gets built.
1st time founders are always surprised by how much more work startups demand—10X the work/school projects that are the closest similar thing
Do a few things really well. Apple spends $2B in R&D on a product line that could fit on top of one normal sized desk.
A technical capability is not necessarily a useful product. A useful product is not necessarily a scalable business.
Often new markets are won before anyone knows there's a contest. Great founders secure the prize before others are even aware it exists.
Cofounder, http://Posthaven.com — Partner, Y Combinator — Writes software, dreams.
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